US STOCKS-Wall Street rises after China market steadies
* Two-day Fed meeting begins
* June consumer confidence falls to lowest level since Sept
* Twitter, Gilead to report results after the bell
* Indexes up: Dow 1.06 pct, S&P 1.21 pct, Nasdaq 0.99 pct (Updates to afternoon trade)
By Noel Randewich
July 28 (Reuters) - U.S. stocks surged on Tuesday and were on track to break a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and speculation the first Federal Reserve interest rate hike may not come until December.
The Dow Jones industrial average, S&P 500 and Nasdaq Composite all logged intraday gains of 1 percent or more.
With the S&P falling over the past week toward the low end of a range it has traded in since February, some investors were betting the market was primed for a technical bounce back.
"The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio, which manages about $1 billion. Continuación...